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Re: Majestic_Delight post# 6231

Friday, 01/24/2020 7:51:29 AM

Friday, January 24, 2020 7:51:29 AM

Post# of 6602
Correct, I am just stating that, should they not be granted an extension the date for compliance begins Feb 28 and must stay above until the 16 Mar deadline. Also, they do not have to request an extension (does not have to be granted), they could choose to RS now and if that was the case, they don't need to have a shareholder vote for the RS. So it is POSSIBLE that they could just drop a PR on us saying "The Board of Directors has approved a 1:? RS..." sometime before the 16th of Mar.

There arer many possibilities:


1. Notice of extension granted before 28 Feb (then we have time)
2. RS announcement at any time before the 28th of Feb
3. 28th passes with the SP below $1...then notice of extension granted before 16 Mar
4. 28th passes with the SP below $1, RS announcement at anytime before 16 Mar...

All we can do is wait and check each one of as it expires.

As for the firms that sold out their share stakes, they were small firms, we don't know how long they held those shares. They have to answer to their people. it may have been that they could not hold because of time constraints or they found more attractive opportunities.
Really does not speak volumes to me. It's simply their choice and decision.
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